Feltl & Co. Upgrades Denny's to Strong Buy,; $5 PT

By Gordon Wilcox
December 05, 2011 1:29 PM

Symbols: DENN

Posted in: Analyst Color, News, Upgrades, Price Target, Intraday Update, Markets, Analyst Ratings, Trading Ideas

In a note out today, Felt & Co. upgraded shares of Denny's (Nasdaq: DENN) to strong buy from buy while reiterating a $5 price target on the stock, which implies upside of more than 25%.

“We think DENN restaurants are seeing strong traffic trends and the average ticket will increase with the current LTO (limited time offer) being priced slightly higher than usual,” Felt said in the note.

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Feltl & Co. Upgrades Denny's to Strong Buy,; $5 PT

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